Directive 2014/59/EU (the Bank Recovery and Resolution Directive — BRRD) on crisis prevention, management and resolution assigns to the EBA the task to develop a wide range of Binding Technical Standards, Guidelines and reports on key areas of recovery and resolution, with the aim of ensuring effective and consistent procedures across the Union, in particular with respect to cross-border financial institutions. The ultimate objective of this framework is to enhance financial stability, reduce moral hazard, protect depositors and critical financial services, save public money and ensure the smooth functioning of the internal market for financial services. This framework is complemented by the ongoing review of the "deposit guarantee Directive", which also assigns rulemaking tasks to the EBA, and by other forthcoming regulatory initiatives on financial institutions other than banks.

This report defines the reference point for the target level of national resolution financing arrangements. The appropriateness of the basis for the target level is assessed on the basis of a number of qualitative criteria and historical data. The draft report recommends changing the basis from covered deposits to a total liabilities based measure.

These Guidelines are part of the EBA's work to promote a consistent and coherent approach to cooperation agreements between deposit guarantee schemes (DGSs) across the European Union (EU). The proposed Guidelines specify the objectives and minimum content of cooperation agreements, with the aim of contributing to strengthen the European system of national DGSs.

These Regulatory Technical Standards (RTS) define the content of “Business Reorganisation Plans and Progress Reports”. These RTS have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) which sets procedures for the recovery and resolution of credit institutions, investment firms and related entities across the EU. The draft RTS develop in detail the elements that should be included in a resolution plan and the content of the related progress reports.

Opinions

The European Banking Authority (EBA) published today its final report on the reference point for the target level of national resolution financing arrangements. In the report, the EBA recommends... Read more

The European Banking Authority (EBA) issued today an Opinion to the European Commission expressing its dissent over some of its proposed amendments to the EBA final draft Regulatory Technical... Read more

The European Banking Authority (EBA) provided today its technical advice to the European Commission on the criteria and principles that will be used to determine the uniform level of contributions... Read more